China’s largest chipmaker SMIC on Friday posted a 80% profit drop as global demand weakness hit foundries hard.
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China’s largest chipmaker SMIC posts a 80% drop in third-quarter profit
China can raise 2024 budget deficit ratio to spur growth – central bank adviser
China can raise its budget deficit ratio next year to support the economic recovery because there is still space for the central government to issue more debt, Wang Yiming, a policy adviser to the …
China’s biggest lender ICBC hit by ransomware attack
U.S. arm was hit by a ransomware attack that disrupted trades in the U.S. Treasury on Thursday, the latest in a string of victims ransom-demanding hackers have claimed this year.
Zeekr losses grow as Beijing seeks greater influence, U.S. IPO prospectus says
The upstart owned by Geely aims to raise more than $1 billion, Reuters has reported, but is unlikely to breach the billion-dollar mark, according to a source.
Chinese business database Qichacha passes Beijing’s security test for resuming overseas operations
Chinese business database Qichacha said Friday it passed a data export security assessment that allows the company to resume overseas operations.
Meta Strikes Deal to Sell VR Headset in China – WSJ
(Reuters) – Meta Platforms has struck a preliminary deal to sell a new, lower-priced version of its virtual-reality (VR) headset in China, a return to the country 14 years after Facebook was shut out, the…
Singles Day lifts sales for local brands
Survey: Consumers focus on domestic products as quality, value increase Pan Lin, a 23-year-old postgraduate in Beijing and a fan of Chinese brands, scrolled through online marketplaces during this …
What is China’s Singles Day, and how is it celebrated?
No. Cyber Monday? Nope. Prime Day? Absolutely not. The world’s biggest shopping event happens in China each year – and it’s called Singles Day. Originally a holiday to celebrate being single, as a …
UPDATE 1-China’s WuXi XDC to raise $470 mln in Hong Kong IPO – sources
Chinese medical research group WuXi XDC is set to price its shares at HK$20.6 each to raise $470 million in its Hong Kong IPO, according to two sources with direct knowledge of the matter.
Scientists in China finds clues to crack mystery of long Covid-19
Scientists have discovered key biomarkers that can help identify high-risk groups and develop treatment. Read more at straitstimes.com.
Hear President Xi’s message to women amid declining birth rates in China
China is facing a population crisis as its birth rate continues to decline, leading to a shrinking population for the first time in decades. President Xi addressed this issue by encouraging women to go back…
What to look for when Biden meets with China’s Xi Jinping next week
There are new signs of diplomacy with China. Treasury Secretary Janet Yellen met with her Chinese counterpart — one week before President Biden meets with Chinese President Xi Jinping. William Reinsch,
China’s animal lovers fight illegal cat meat trade
When Han Jiali’s beloved cat Dabai was taken from her Shanghai home last year, she embarked on a hunt for her pet that took her deep into the bowels of China’s underground feline meat trade.-…
